Author: FX
Picking the right forex trading software can be tough. There are over 100 Forex platforms out there. This article covers the top 5 forex trading tools for beginners and pros. Read on to find the best software for your needs. Key Takeaways MetaTrader 4 is the top forex trading software, offering tools for both new and expert traders. FBS is best for beginners, with a low $100 minimum deposit and 646 tradable instruments. XM Markets suits advanced traders, providing over 8,977 instruments and competitive spreads. RoboForex excels in automated trading, offering 1,250+ instruments and multiple trading platforms. When choosing forex…
Patterns and MACD Divergence Forex Trading Strategy is a powerful combination that can significantly enhance a trader’s ability to identify profitable opportunities in the Forex market. This strategy leverages two essential aspects of technical analysis: price patterns and the MACD (Moving Average Convergence Divergence) indicator. By merging these elements, traders can gain deeper insights into potential market reversals, trend continuations, and price movements. The combination of visual chart patterns and MACD divergence offers a comprehensive approach to spotting high-probability setups that maximize trading success. The strategy works by using price patterns—such as double tops, triangles, and head and shoulders—to identify…
The Wall Street Journal is gated, but if you can access it, the story is here:U.S. Frackers and Saudi Officials Tell Trump They Won’t Drill More President says lower prices will solve many of the country’s problems but finds early resistance in the oil marketIn brief:U.S. shale industry is now focused on keeping costs down and returning cash to investors, not more drillingSaudi Arabia says it is unwilling to augment global oil supplies, say people familiar with the matter This article was written by Eamonn Sheridan at www.forexlive.com. Source link
USD/CAD attracts some sellers to around 1.4410 in Monday’s late American session, down 1.09% on the day. Trump confirmed the postponement of his Canada tariffs. US ISM Manufacturing PMI bested the estimates in January. The USD/CAD pair tumbles to near 1.4410 during the late American session on Monday. The Canadian Dollar (CAD) rebounds after falling to a level not seen since 2003, as US President Donald Trump confirmed the postponement of his Canadian tariffs in a post on Truth Social. Late Monday, Trump said that he will pause for one month new 25% tariffs on goods entering the United States from…
Justin Sullivan/Getty Images NewsClorox (NYSE:CLX) shares have surrendered early gains and are drifting lower in Monday’s after-hours trading as a top- and bottom-line beat in the fiscal second quarter along with upwardly revised profit guidance was overshadowed by the deceleration in Source link
Trump eyes Feb. 18 for oil tariffs, expects lower duty for Canada Source link
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
The Canadian Dollar dipped to its lowest value in over two decades. Canada immediately hit back against Trump’s import tariffs with their own export tariffs. Markets have moderated Loonie selling, but the CAD remains at multi-year lows. The Canadian Dollar (CAD) plummeted to its lowest bids against the US Dollar (USD) in 21 years at the outset of the trading week after the US and Canada went tit-for-tat on trade tariffs that will pulverize key aspects of both economies. Overall market sentiment recovered ground after Mexico was able to negotiate a one-month ceasefire on US tariffs targeting goods imported from…
The video above outlines the technical levels driving the three major currency pairs – the EURUSD, USDJPY and GBPUSD. The USD is higher by over 1% vs the EUR and 0.61% vs the GBP. Against the JPY, the USD is lower (the only currency the USD is lower vs as the market reacts to the traditional risk-off sentiment. The USD is higher by 1.03% vs the CAD and the ADU and up 1.31 vs the NZD. Below are the changes of the major currency pairs vs the USD. Of course the tariff news is dominating with Pres. Trump imposing:25% tariff…
The US ISM Manufacturing PMI is seen improving modestly in January. Markets will also look at the ISM Prices index and the Employment index. EUR/USD remains under pressure around the 1.0400 zone. Excitement is building as the Institute for Supply Management (ISM) prepares to release the January US Manufacturing Purchasing Managers’ Index (PMI) this Monday. This report is a key barometer of the health of the United States (US) manufacturing sector and offers valuable insights into the broader economy’s direction. Here’s what to watch for: PMI Thresholds: A PMI above 50.0 signals that the manufacturing sector is expanding, while a…